Scott is managing a company and he has been advised by his financial manager that his largest source of short-term debt is too high. What source of funding is Scott's financial manager probably talking about?

Question

Quizplus · Accepted Answer

Accounts payable is typically the largest source of short-term debt for companies, as it represents money owed to suppliers and vendors for goods and services received but not yet paid for.

Scott Is Managing a Company and He Has Been Advised